Enphase Energy, Inc.

  • Earnings Score
  • Moat Score
  • Safety Score
  • Market Cap $5.81B
  • PE 39
  • Debt $1.83B
  • Cash $415.09M
  • EV $7.23B
  • FCF $472.07M

Earnings

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Sales & Net Margins

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Earnings$148.49M
EBIT$178.55M
ROE18%
ROA6%
FCF$472.07M
Equity$810.70M
Growth Stability31%
PE39.15
PEG10.42
PB7.17
P/FCF12.31
P/S4.08
Price/Cash0.07
Debt/Equity2.26
Debt/FCF3.88
Net Margins8%
Gross Margins48%
Op. Margins13%
Earnings CAGR11%
Sales Growth YoY35%
Sales Growth QoQ-7%
Sales CAGR32%
FCF CAGR68%
Equity CAGR65%
Earnings Stability0.09
Earnings Growth YoY-285%
Earnings Growth QoQ-52%
Earnings CAGR 5Y4%
Sales CAGR 5Y19%
FCF CAGR 5Y24%
Equity CAGR 5Y20%
Earnings CAGR 3Y-19%
Sales CAGR 3Y-19%
FCF CAGR 3Y-18%
Equity CAGR 3Y14%
Market Cap$5.81B
Revenue$1.42B
Assets$3.11B
Total Debt$1.83B
Cash$415.09M
Shares Outstanding131.19M
EV7.23B
Earnings Score7%
Moat Score85%
Safety Score53%
Final Score49%
Working Capital1.04B
Current Ratio1.9
Gross Profit$681.87M
Shares Growth 3y-1%
Equity Growth QoQ-3%
Equity Growth YoY-12%

Assets & ROA

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Stockholders Equity & ROE

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Enphase Energy is a global energy technology company. The company delivers smart, easy-to-use solutions that manage solar generation, storage, and communication on one platform. The company's microinverter technology primarily serves the rooftop solar market and produces a fully integrated solar-plus-storage solution. Geographically, it derives a majority of revenue from the United States.

SEC Filings

Direct access to Enphase Energy, Inc. (ENPH) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

  • 2025
    • 10-Q Mar 31
  • 2024
    • 10-K Dec 31
    • 10-Q Sep 30
    • 10-Q Jun 30
    • 10-Q Mar 31
  • 2023
    • 10-K Dec 31
    • 10-Q Sep 30
    • 10-Q Jun 30
    • 10-Q Mar 31

Sector Comparison

How does Enphase Energy, Inc. compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Enphase Energy, Inc. compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 11%
Stability 9%
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Enphase Energy, Inc. Discounted Cash Flow

Fully customizable DCF calculator online for Enphase Energy, Inc..

= $427B
012345678910TV
fcf$472M$795M$1.3B$2.3B$3.8B$6.4B$11B$18B$30B$51B$86B$863B
DCF$722M$1.1B$1.7B$2.6B$4B$6.1B$9.3B$14B$22B$33B$333B
Value$427B

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years12/201512/201612/201712/201812/201912/202012/202112/202212/202312/2024TTM
Net Margins-6%-21%-16%-4%26%17%11%17%19%8%8%
ROA--38%-23%0%14%16%10%15%15%4%6%
ROE--5K%495%-150%59%28%34%48%45%12%18%

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years12/201512/201612/201712/201812/201912/202012/202112/202212/202312/2024TTM
Debt over FCF--0.62-2.0611.510.873.363.751.982.212.923.88
Debt over Equity021.56-7.3617.740.41.362.611.671.321.692.26
Growth Stability-----100%100%100%100%31%31%

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years12/201512/201612/201712/201812/201912/202012/202112/202212/202312/2024CAGR 5Y
Revenue YoY growth--10%-11%10%97%24%78%69%-2%-42%19%
Earnings YoY growth-206%-33%-74%-1K%-17%9%173%10%-77%4%
Equity YoY growth--97%-802%-185%3K%78%-11%92%19%-15%20%
FCF YoY growth-34%-28%-137%937%58%53%133%-16%-18%24%